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Confirmed

Brokerage Execution Services

4 names are moving together; 75% are participating in the current session.

Co-movement

Observed intraday paths are not available for this group yet.

Members

TICKERCompanySectorTodayObserved activity
SNEXStoneX Group Inc.Financial Services+1.9%Group member
BGCBGC Group, Inc.Financial Services+2.5%Most structurally connected
MRXMarex Group plcFinancial Services-1.0%Group member
VIRTVirtu Financial, Inc.Financial Services+1.6%Group member

Why we believe this

Cohort

4 names

Participation

75% this session

Observed history

1 daily builds

Filing coverage

3/4 members

credit / rates affecting interest expense

The increase in Interest expense was partially offset by a reduction of interest expense due to the repayments in full of the $288.2 million outstanding aggregate principal amount of BGC Group 4.375% Senior Notes and the $11.8 million outstanding aggregate principal amount of BGC Partners 4.375% Senior Notes on December 15, 2025.

BGC 10-Q

credit / rates

This was primarily driven by an increase in interest income on bank deposits and money market funds, borrowings by Cantor under the BGC Credit Agreement, which were primarily driven by changing interest rates and larger balances.

BGC 10-K

credit / rates affecting expense

These higher Interest expenses were partially offset by a reduction of interest expense due to the repayments in full of the $255.5 million outstanding aggregate principal amount of BGC Group 3.750% Senior Notes and the $44.5 million outstanding aggregate principal amount of BGC Partners 3.750% Senior Notes on October 1, 2024.

BGC 10-Q

Brokerage Execution Services can stay leader-led if secondary names fail to join while BGC keeps moving.

Connected, outside the group

No high-confidence filing-linked non-members are available for this group yet.

History

Historical cohort observations are not available yet.